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\toprule
&\multicolumn{2}{c}{Revenue-maximizing} & \multicolumn{2}{c}{Progressive wealth taxes}\\
\cmidrule(rl){2-3}\cmidrule(rl){4-5}
Outcome & Capital income tax & Flat wealth tax & Warren & Sanders\\
\midrule
\multicolumn{5}{l}{\textit{(a) Baseline model}}\\
Tax rate (p.p. chg.)&--&2.05&2.00&1.00\\
Tax threshold (\$M)&--&--&50.00&32.00\\
Transfer (\% avg. wage)&--&0.64&0.18&0.22\\
[1.0ex]Concealed wealth (benchmark = 1)&1.00&7.34&2.19&2.37\\
Lost revenues (benchmark = 1)&1.00&5.05&2.64&2.99\\
[1.0ex]GDP (\% chg.)&--&-8.47&-0.91&-1.14\\
Wage (\% chg.)&--&-9.24&-0.63&-0.79\\
[1.0ex]Top 0.1\% share, reported (p.p. chg.)&--&-8.27&-5.09&-6.09\\
Top 0.1\% share, actual (p.p. chg.)&--&7.56&-1.83&-2.24\\
[1.0ex]Welfare (\% chg.)&--&-9.71&0.05&0.05\\
Approval rate (\%)&--&0.16&36.24&35.42\\
\midrule
\multicolumn{5}{l}{\textit{(b) No-evasion counterfactual}}\\
Tax rate (p.p. chg.)&28.42&5.79&2.00&1.00\\
Tax threshold (\$M)&--&--&50.00&32.00\\
Transfer (\% avg. wage)&2.17&3.70&0.30&0.36\\
[1.0ex]GDP (\% chg.)&-24.38&-25.96&-1.32&-1.60\\
Wage (\% chg.)&-22.54&-24.40&-0.82&-1.00\\
[1.0ex]Top 0.1\% share, actual (p.p. chg.)&-3.43&8.69&-2.80&-3.34\\
[1.0ex]Welfare (\% chg.)&-16.93&-15.76&0.39&0.44\\
Approval rate (\%)&1.93&1.28&82.36&82.17\\
\bottomrule
\end{tabular}
\normalsize
